Skip to main content
Loading page
Alameda County/Berkeley/94703

94703

ZIPSAFMR
Alameda County, CA
Zillow

ZIP Investment Score

28Below average

095130300
BRFMR
Eff. Rent
0 BR$2,000$1,970
1 BR$2,190$2,330
2 BR$2,680$2,950
3 BR$3,430$3,600
4 BR$4,060$3,230
5 BR$4,669Not available
6 BR$5,369Not available
7 BR$6,175Not available
8 BR$7,101Not available

Purchase Price Calculator

Maximum purchase price
$376,452

Cost breakdown

+Likely effective rent$2,950
HUD FMR$2,680
Market rent$3,270
Est. payment standard (110%)Used$2,950
-Principal and interest-$1,904
Loan amount$301,162
Down payment$75,290
Rate6.50%
Term30 years
-Operating costs-$846
Property taxes-$376
Insurance-$175
Utilities$0
HOA$0
Management-$295
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$46,936(62.3% ROI)
Projected value
$405,398
Return breakdown
Property appreciation+$28,946
Loan principal paid down+$10,790
Rental cash flow+$7,200
5-year hold
+$80,710(107.2% ROI)
Projected value
$425,921
Return breakdown
Property appreciation+$49,469
Loan principal paid down+$19,241
Rental cash flow+$12,000
10-year hold
+$175,287(232.8% ROI)
Projected value
$481,891
Return breakdown
Property appreciation+$105,438
Loan principal paid down+$45,848
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.02
1 BR
0.91
2 BR
0.82
3 BR
0.93
4 BR
1.26
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 94703 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 94703 (Berkeley, CA) is $2,680 a month. That is down 3.6% from $2,780 in FY 2026. Berkeley is in the Oakland-Fremont, CA HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $2,805. Among 63 ZIP codes in Alameda County, 94703 has the 49th-highest two-bedroom rent (county range $2,630–$3,830). The median county two-bedroom FMR in California is $1,725, so ZIP 94703 is 55% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 94703
BedroomsFY 2027Change90–110% range
Studio$2,000−2.0%$1,800–$2,200
1BR$2,190−3.9%$1,971–$2,409
2BR$2,680−3.6%$2,412–$2,948
3BR$3,430−3.4%$3,087–$3,773
4BR$4,060−3.6%$3,654–$4,466

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 94703
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,000$2,190$2,680$3,430$4,060
FY 2026$2,040$2,280$2,780$3,550$4,210
FY 2025$1,800$2,040$2,490$3,190$3,790
FY 2024$1,780$2,080$2,530$3,260$3,860
FY 2023$1,720$2,050$2,500$3,270$3,850

Two-bedroom rent in nearby Alameda County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 94703
94701$2,810+4.9%
94702$2,630−1.9%
94703Current$2,680—
94704$2,630−1.9%
94705$2,830+5.6%
94706$2,960+10.4%
94707$2,850+6.3%
94708$3,590+34.0%
94709$2,820+5.2%
94710$3,070+14.6%
94712$2,810+4.9%
94720$2,770+3.4%

Questions about ZIP 94703 rents

How much will Section 8 pay for a two-bedroom in ZIP 94703?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,805, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,525 to $3,086 a month; under the ZIP-level Small Area FMR of $2,680 it would be $2,412 to $2,948. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 94703 in?

ZIP 94703 is in the Oakland-Fremont, CA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,805.

How much did fair market rent change in ZIP 94703 for FY 2027?

The two-bedroom FMR fell 3.6%, from $2,780 in FY 2026 to $2,680 in FY 2027. Since FY 2023 it has risen 7.2%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentBerkeley, CA fair market rentCA statewide rentsWhat is SAFMR?Data sources